Nice thing about starting off with nothing, you and your spouse will really work to build it together and that counts a lot if you ask me.

Quote Originally Posted by boybi View Post
How about buying a property using bank loan?
I'd recommend this especially if the property will bring you income/cash flow to support the loan over time. Actually, if you have a friendly banker (syempre friendly sila sa iyo :D ) and you have an existing property with good value, and it's not your primary residence, you can consider to mortgage it to the bank. Have them establish a loan line facility for you so you can use this for your short term business financing or investment purposes. Cash on hand when you need it then you settle it based on your cash flow, then you can re-draw from the line if you have another requirement (Revolving line). A lot of the Pinoy and Chinese businessmen i've dealt with usually have these lines as the rates can be lower and it's flexible to their needs.